This is Normal RSI but additional Bands of Support and Resistance are added for confirmations.
Settings are as below
for Bull/ Up trend
Resistance1 = 80
Resistance2 = 90
Price would be getting rejection on Resistance levels and will retrace.
Support1 = 40
Support2 = 50
After getting Support on these levels price will be resuming again its Uptrend.
for Bear/ Down trend
Resistance1 = 55
Resistance2 = 65
Price would be getting rejection on Resistance levels and will resume its down trend.
Support1 = 20
Support2 = 30
After getting Support on these levels price will retrace.
Settings are as below
for Bull/ Up trend
Resistance1 = 80
Resistance2 = 90
Price would be getting rejection on Resistance levels and will retrace.
Support1 = 40
Support2 = 50
After getting Support on these levels price will be resuming again its Uptrend.
for Bear/ Down trend
Resistance1 = 55
Resistance2 = 65
Price would be getting rejection on Resistance levels and will resume its down trend.
Support1 = 20
Support2 = 30
After getting Support on these levels price will retrace.
Informacje o Wersji:
Added Drop down menu for selecting trend direction. All you need to do is select if trend is bullish or bearish and it will update bands automatically now.